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Find out moreThe first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.
Read the full editionOn 08 April 2021 the Federal Maritime Authority of United Arab Emirates (FMA) issued ‘Circular No. (04) Of 2021’ notifying ship owners, Manager, operators, UAE port authority, Classification societies, shipping Agents in the UAE and IG of P&I that effective from 23rd of June 2021 , all UAE flagged ships including oil tankers over 1,000 gross tonnage is required to obtain the Bunker Convention Certificate from FMA. The FMA will issue the Bunker convention certificate upon presenting a valid blue card issued by a member of the International Group of Protection and Indemnity Clubs (IG).
The implications for vessels entered with P&I insurers outside of the IG will be considerable, and ship owners and their insurers should be mindful of the new implemented Circular.
Fortunately, the FMA declared that the certificates issued for UAE flag ships before 23rd June 2021 by other Flag Administrations will remain valid until their expiration date. We are aware that negotiations between some of vessel owners, their insurers and the FMA, are ongoing to obtain exemption from the said requirement.
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